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ASSET MANAGEMENT SOFTWARE ADVICE |
| > General Advice for asset management software |
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Asset management is a business process and a decision-making framework that covers an extended time horizon, draws from economics as well as engineering, and considers a broad range of assets. The asset management approach incorporates the economic assessment of trade-offs among alternative investment options and uses this information to help make cost-effective investment decisions.
Asset management has come of age because of:
-changes in the transportation environment,
-changes in public expectations, and
-extraordinary advances in technology.
The advent of increasingly powerful computer systems has made the practice of asset management possible. These computer systems not only put sophisticated analytical tools at a highway staff's fingertips, but also allow agency officials to perform "what if" analyses that in turn facilitate discussions with other stakeholders
What Is An Asset Management Plan? Most people, when asked to define an asset management plan, would describe it as a written document which presents in a clear, easily understood manner, the overall long-term vision, operating philosophy and general direction to be used in managing an agency's Trust and Non-Trust real estate assets. Upon further questioning, many of these respondents might be prompted to describe the function of such a plan, stating that its primary purpose is to ensure that both agency staff and the public clearly understand what considerations will be consistently employed whenever a decision is made concerning the acquisition, disposal, and use of publicly-owned land. From these standpoints, an asset management plan is, in many respects, an "operator's manual" for a land management agency.
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